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Provider: Thomson Reuters StreetEvents

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Transocean Ltd Wins Reversal in Patent Lawsuit Against AP Moeller Maersk A/S-Reuters

Thursday, 15 Nov 2012 11:25am EST 

Reuters reported that Transocean Ltd has won reversal of decision in favor of AP Moeller Maersk A/S's Maersk Drilling USA in patent litigation in the United States (US) appeals court. Lower court had rejected claims that Maersk did not infringe patents, which were related to offshore drilling. The US federal circuit court of appeals decided that the trial jury had had substantial evidence to justify USD 15 million damages as a reasonable royalty. The federal circuit reverses lower court order granting Maersk's motion for new trial. 

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